In 2010, the census tract encompassing most of Boston's Egleston Square flipped from majority-minority to majority white. And the median household income has increased. In 2000, it was just under $40,000; now it is almost $70,000. Thirty-five percent of households have incomes over $100,000.

In the past two years, homeownership rates have increased largely because of young buyers, who are benefiting from the good economy. Student loan debt is still a headwind, but they're at least being buoyed by stronger incomes and employment.

At the turn of the 20th century, many immigrants and working-class families claimed their share of the American dream in busy local labor centers like Lowell, Lynn, Brockton, and Fall River. A century later, already struggling in a postindustrial economy and downtrodden after decades of disinvestment, these cities were hit especially hard by the foreclosure crisis.

About JCHS

The Harvard Joint Center for Housing Studies advances understanding of housing issues and informs policy. Through its research, education, and public outreach programs, the center helps leaders in government, business, and the civic sectors make decisions that effectively address the needs of cities and communities. Through graduate and executive courses, as well as fellowships and internship opportunities, the Joint Center also trains and inspires the next generation of housing leaders.